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401 E Poyntz Ave 119,942 SF 100% Leased Retail Building Manhattan, KS 66502 $29,314,321 CAD ($244.40 CAD/SF) 6.88% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Shopping Center | 100% National Retailers
- Tenant Longevity | 5.43 Average Years Remaining / 6.9 Average Years in Place
- Long-term NNN Structure
- 100% National Retailers | Perfect Tenant Mix For Area Demographics
- Manhattan's Highest National Retailer Concentration
- Ideal Accessibility Along Poyntz Avenue / US-24 Hwy
EXECUTIVE SUMMARY
Strategically positioned within the thriving Greater Manhattan trade area, the property benefits from strong regional draw, steady population growth, and proximity to major transportation routes providing excellent accessibility. This location serves as a retail destination for residents throughout Manhattan and the surrounding counties, supported by the area's university presence, expanding employment base, and strong retail fundamentals.
PROPERTY FACTS
MAJOR TENANTS
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Academy is one of the leading full-line sporting goods and outdoor recreation retailers in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to multiple stores across the United States. Academy’s mission is to provide “Fun for All” and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy’s product assortment focuses on key categories of outdoor, apparel, footwear and sports & recreation through both leading national brands and a portfolio of private label brands.
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What started out as one store in 1978 has since become the largest western and work wear retailer in the nation. They say that their customers feed America, build America, and protect America. With an uncompromising desire to support the local communities they serve, they proudly offer the broadest selection of cowboy boots, work boots, western wear, workwear, western-inspired fashion, and outdoor gear. It is an honor to support the varying lifestyles of the people who make their country so great.
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They believe in the democracy of style and service. Imagine that the world runs right and there’s a place that offers clothing for the whole family and everything it sells has great style and quality at a price customers can’t believe. This is Old Navy. From day one, Old Navy was a revolution. They were something the world had never seen, fabulous, affordable fashion for everyone. They opened their first store in 1994 and were the fastest retailer to reach $1 billion in sales within four years. Today, they're one of the largest apparel brands in the world. Old Navy's on a mission to ensure the world runs right by creating a better tomorrow for future generations through their Imagine Mission’s three pillars: inclusivity, opportunity and sustainability. Old Navy is imagining a place where everyone feels like they belong, and all the clothes are made with love, not just for Mother Earth, but for their kids, and their kids too. That opportunity isn’t a dream but a reality.
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NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 314-17-0-20-01-012.00-0 | Improvements Assessment | $3,353,794 CAD |
| Land Assessment | $373,956 CAD | Total Assessment | $3,727,750 CAD |
PROPERTY TAXES
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401 E Poyntz Ave
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